Grayscale
Galaxy Digital to Cut 20% of its Workforce; Core Scientific Reportedly in Talks With Lawyers
Michael Novogratz-led crypto-focused financial services firm Galaxy Digital plans to cut at least 20% of its global workforce. Convertible bond holders of BTC miner Core Scientific are in talks with restructuring attorneys at Paul Hastings. South Africa's leading supermarket chain Pick n Pay is now allowing BTC payments via Lightning Network-enabled apps. A poll from Grayscale reveals fears over inflation have translated to a growing interest in crypto for a quarter of voters surveyed.
Effort to Reverse SEC Rejection of Bitcoin ETF Wins Broad Crypto, TradFi Support
Regulators rebuffed Grayscale's attempt to convert its bitcoin trust into an ETF. Grayscale has powerful allies as it seeks to overturn that decision.
WisdomTree Exec 'Not Surprised' by SEC's Spot Bitcoin ETF Rejection
The U.S. Securities and Exchange Commission (SEC) rejected WisdomTree's application for a spot bitcoin ETF this week. WisdomTree Head of Digital Assets Will Peck discusses why he's "not surprised" by the SEC's decision and the outlook for ETFs. Plus, his take on Grayscale calling its spot bitcoin ETF rejection "arbitrary, capricious and discriminatory."
In SEC Lawsuit, Grayscale Calls Spot ETF Rejection ‘Arbitrary, Capricious and Discriminatory’
The legal brief filed Tuesday argues the SEC’s logic for denying Grayscale’s application to convert the Grayscale Bitcoin Trust to a spot bitcoin ETF is “flawed” and “inconsistently applied.”
Grayscale’s New Venture Aims to Capture Bear Market Opportunities in Bitcoin Mining
Digital asset mining and staking infrastructure firm Foundry,will manage the day-to-day operations of Grayscale’s new co-investment vehicle
Shares in Grayscale's Bitcoin Trust Trade at 36% Discount to Fund's NAV
The shares first slipped into the discount category in February 2021 primarily due to alternatives like ETFs becoming available in Canada and Europe.
Grayscale Takes Over Key Role for Bitcoin Trust, Other Products From Genesis
Grayscale Securities, a new broker-deal division, will handle selling shares of the company’s crypto trust products, taking over a function previously provided by fellow Digital Currency Group subsidiary Genesis Global Trading.
Grayscale Investments Declares Rights to 3.1M ETHPoW
The fund manager said it will try to sell tokens and give cash proceeds to shareholders.
The SEC Is Getting Clearer About How It Plans to Regulate Crypto
We're reading between the lines of Grayscale's recent disclosures about SEC inquiries.
Grayscale, Disclosing SEC Queries, Says Cryptos XLM, ZEC, ZEN May Be Securities
Digital asset manager Grayscale Investments has been fielding questions from the U.S. Securities and Exchange Commission (SEC) over the firm’s "securities law analysis" of tokens in some of its less-popular crypto trusts. For the first time, Grayscale acknowledged that ZEC, ZEN and XLM “may currently be a security, based on the facts as they exist today.”